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Home » State Government Funds in New COVID-Relief Law Prohibits Tax Cuts
Tax

State Government Funds in New COVID-Relief Law Prohibits Tax Cuts

AGC Concerned About Impact on PPP Loan Forgiveness State Tax Treatment & More
March 18, 2021Updated:July 24, 2024No Comments2 Mins Read
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The $1.9 trillion American Rescue Plan Act provides $219.8 billion to state and territorial governments to mitigate the fiscal effects stemming from the pandemic. Included at the last minute, however, is a clause that prohibits any state or territory receiving the aid “to either directly or indirectly offset a reduction...

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Building Federal/Heavy Highway Infrastructure PPP Loan Forgiveness Utility
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Latest News

Building Through the Freeze

January 17, 2026

Construction Employment Increases In Small Majority Of Metro Areas In November; Survey Shows Contractors Have Subdued Expectations For 2026

January 15, 2026

Construction Costs Rise At Fastest Rate Since January 2023 In November, Outpacing Increases In Contractors’ Bid Prices For New Buildings

January 14, 2026

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